Heineken does not expect to maintain its strong volumes and profits momentum from the first quarter due to higher costs and tougher comparables later in the year, but the brewer is encouraged by gains in emerging markets.

SABMiller is looking in good shape at the end of its most recent financial year, thanks to strong consumer demand for beer in Africa, Asia and Latin America. In this impromptu mid-week Spotlight, just-drinks looks at the initial market reaction.